RevCycle

JULY 6, 2021

Healthcare consumerism and patient responsibility have seen a coinciding rise over the last decade plus. The COVID-19 pandemic served to exacerbate the difficulties many patients face with their out-of-pocket balances. The following excerpt is from a recent Forbes article : “ According to interviews AccessOne conducted with 47 healthcare billing executives, 43% of providers reported increases in patient requests for payment plans even as hospitals face their own financial struggles, and 40% repo

Bad Debt 130

Bad Debt Payment Portals Credit and Collections Default 130

Abrigo

JULY 1, 2021

Identify Human Trafficking via Transactions Banking professionals run across many types of transactions pointing to human trafficking. Here are tips to spot them from Love Never Fails Founder Vanessa Russell. You might also like this webinar: "Human Trafficking - Close to Home" WATCH . Takeaway 1 Some financial transactions flag human trafficking because they are from websites notorious for this behavior.

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Transactions 148

SMB Commercial Lending

JULY 20, 2021

Conventional financing institutions are slow to respond to the capital needs of businesses post COVID, but we are not. We are successfully facilitating working capital loans (lines of credit, term loans, and principal deferred loans). We are successfully facilitating financing for equipment, machinery and software. We are successfully facilitating financing for commercial real estate; purchase, refi - and in select states, facility rehab, complete rehab to include fixed equipment with the costs

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Sansan

JULY 18, 2021

Digital business cards bridge the gap when two people in a business interaction can’t be face to face. They replace the paper business card with an electronic one. They allow quick sending, receiving, and exchanging of contact information in place of a paper business card. These online and app-based cards have been redefined amid remote and hybrid workstyles.

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FNB Small Business

JULY 13, 2021

As a small business owner, you likely have big goals for your business. A good business plan can help you achieve those goals. By detailing plans, budgets, and goals, a business plan can act as your road map to success. Read More.

Small Businesses 52

Small Businesses 52

Commercial Lending

JULY 12, 2021

If you have been watching the headlines in the Banking industry, you will see many large Bank mergers and acquisitions taking place all across the United States as the consolidation in the Banking industry continues. The current consolidation rate is around 3%, meaning 3 out of every 100 Banks in the Country are likely to be involved in a merger or acquisition this year.

Credit Unions 52

Credit Unions Small Businesses Transactions 52

Abrigo

JULY 28, 2021

How the pandemic affected the allowance under the two models Abrigo analyzed proprietary loan-level data from FIs operating under the two different models and found contrasting stories of how reserve and provision levels progressed after the pandemic began. Would you like other articles like this in your inbox? Takeaway 1 Allowance levels jumped in Q1 2020 for SEC filers due to the transition to CECL and the start of the pandemic, but FIs began releasing reserves in Q1 2021 as conditions improve

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CECL 78

Fundera

JULY 23, 2021

Starting a business can be expensive. There’s production, advertising, inventory, packaging, employees, a storefront. You get the idea. It’s easy to see how the costs can begin to mount. Business funding can help bridge the gap when an entrepreneur needs a financial boost to get their business off the ground. While loans can be very helpful, there are funding opportunities that don’t require the entrepreneur to pay them back.

Small Businesses 40

Small Businesses Nonprofit Organizations 40

GoCardless

JULY 28, 2021

Why use ACH payments and how can you encourage customers to make the switch?

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FNB Small Business

JULY 13, 2021

Every entrepreneur or small business owner will eventually need additional funds to launch or grow their business. When that time comes, it’s important to remember that not all loans are created equal. Depending on your use of loan proceeds, credit history, business type, and loan amount, certain options may suit your financial needs more than others.

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Small Businesses 52

Commercial Credit Group

JULY 19, 2021

If you are thinking about financing your equipment purchase , we have some tips to help make the process easier and faster.

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StackSource

JULY 1, 2021

Airbnb is now a $90 Billion public company. But how can short term renting help a private landlord's portfolio value in 2021?

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Abrigo

JULY 28, 2021

Why it makes sense to adopt CECL immediately SEC filers and experts recommend starting CECL implementation ASAP to have the best opportunity for a smooth transition. You might also like this resource: CECL Prep Kit. DOWNLOAD. Takeaway 1 The 2023 deadline for CECL implementation is coming, and many SEC filers have said they would have started earlier. .

CECL 78

CECL Credit Unions Credit and Collections Credit Risk 78

Fundera

JULY 23, 2021

6 Best Minnesota Small Business Banks. Financial Security Bank. Chase Bank. Citizens Bank Minnesota. SPIRE Credit Union. US Bank. Axos Bank. The state of Minnesota is characterized by its freezing winters and proximity to the Great Lakes. It is also known for its hospitable and friendly people, which is reflected in their local and community-operated small business banks.

Small Businesses 40

Small Businesses Credit Unions Transactions 40

GoCardless

JULY 8, 2021

Find out how to maximise cash flow at every stage of the customer journey

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LendingFront

JULY 14, 2021

On June 15, 2021, Vice President Kamala Harris and Treasury Secretary Janet L. Yellen made an announcement that was eagerly welcomed by an often neglected sector of small businesses across the country: The U.S. Department of the Treasury is awarding $1.25B in COVID-19 relief funds to 863 Community Development Financial Institutions (CDFIs). The fight for small business survival is tougher than ever before, especially for minority- and female-owned businesses.

Small Businesses 52

Small Businesses Credit and Collections 52

Abrigo

JULY 26, 2021

The Scaled CECL Allowance for Losses Estimator (SCALE) tool was unveiled This tool is allowed only for banks under $1 billion as they transition to CECL. . Would you like other articles like this in your inbox? Takeaway 1 The Fed's SCALE tool for calculating the allowance under CECL is an Excel spreadsheet-based option for banks under $1 billion that uses estimated loss rates from peers as a “starting point” in the calculation.

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CECL Credit and Collections Credit Risk Credit Unions 78

Abrigo

JULY 21, 2021

Key Priority: Foreign and Domestic Terrorist Financing Among FinCEN's first list of key priorities for AML/CFT policy is detecting, reporting, and preventing foreign and domestic terrorism. Would you like others articles like this in your inbox? Takeaway 1 Human trafficking and human smuggling often intersect with the financial industry. Takeaway 2 After drug trafficking, human trafficking is the second-largest criminal industry in the world.

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Abrigo

JULY 20, 2021

Looking to Increase SBA Loan Origination? From leveraging PPP technology to building relationships, reasons for boosting SBA lending are numerous. . Want other articles like this on SBA loan origination in your inbox? Takeaway 1 Offering SBA loan origination can expand your product offerings to win deals with prospects and existing customers or members.

Credit Unions 78

Credit Unions Credit Risk Credit and Collections Small Businesses 78

Abrigo

JULY 20, 2021

Looking to Increase Loans through the SBA? From leveraging PPP technology to building relationships, reasons for boosting SBA lending are numerous. . Would you like others articles like this in your inbox? Takeaway 1 SBA lending can expand your product offerings to help win deals with prospects and existing business customers or members. Takeaway 2 Far fewer financial institutions regularly participate in SBA (7a) lending than the more than 5,000 that joined the PPP. .

Credit Unions 78

Credit Unions Credit Risk Credit and Collections Small Businesses 78

Abrigo

JULY 16, 2021

FinCEN Releases 8 AML/CFT Priorities These priorities were published June 30, 2021, highlighting several areas of heightened risk for the U.S. financial system. Would you like others articles like this in your inbox? Takeaway 1 FinCEN published its first list of priorities for AML/CFT policy, as required by the Anti-Money Laundering Act of 2020 (AMLA).

Credit Unions 78

Credit Unions Cybersecurity CECL Credit Risk 78

Abrigo

JULY 12, 2021

Q Factors under CECL and How They Will Compare Understanding the quantitative side of the CECL calculation is the start to applying qualitative adjustments under CECL. Would you like other articles on CECL and Q Factors in your inbox? Takeaway 1 Banks and credit unions moving to CECL in 2023 understandably want to know how Q factors will compare with current practices.

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CECL Credit Unions Credit Risk 78

Abrigo

JULY 12, 2021

The Financial Action Task Force (FATF) addressed areas of AML global concern. The agency recently completed their three-day June plenary. They addressed some of the most pressing illicit financial issues the world faces today. . Would you like others articles like this in your inbox? Takeaway 1 Following the three-day plenary, FATF released expanded guidance in several areas of AML/CFT global conerns.

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CECL Credit Risk 78

Abrigo

JULY 9, 2021

Assess the full cost of your software investment. Managing multiple vendors can be complex and expensive. It's important to consider hidden costs, like time and resources, associated with multi-vendor relationships. Would you like others articles like this in your inbox? Takeaway 1 Many financial institutions have recently accelerated their digital transformation plans amid the coronavirus pandemic.

Credit Unions 78

Credit Unions CECL Credit Risk 78

Abrigo

JULY 7, 2021

Key points in this article include: Risks exist in states where canabis is illegal > LEARN MORE Ensuring compliance when not servicing CRBs > LEARN MORE Determine your tier of acceptance > LEARN MORE Banking hemp vs. marijuana vs. CBD > LEARN MORE The gray area of banking CBD > LEARN MORE. You might also like this webinar Navigating Regulatory Haze: Banking Cannabis-Related Businesses and Managing Risk WATCH WEBINAR.

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Credit Unions Transactions 78

Fundera

JULY 23, 2021

6 Best Connecticut Small Business Banks. Charter Oak Federal Credit Union. Liberty Bank. People’s United Bank. Chase Bank. Webster Bank. Axos Bank. When you’re on the hunt for the best small business bank in Connecticut, picking between a host of different types of banks can make the process challenging. Are credit unions better? Do larger banks provide better business services?

Small Businesses 40

Small Businesses Credit Unions Transactions 40

Fundera

JULY 23, 2021

When it comes time to start a business, you need a few tools in your arsenal: a good idea, a great customer experience, and a lot of work ethic. The cherry on top? Funding. While there are many ways to fund a small business, grants are a great option. It’s no secret that starting a business can be really expensive and the costs can add up quickly. Business funding can make all the difference when an entrepreneur is ready to really grow their business.

Small Businesses 40

Small Businesses Nonprofit Organizations 40

Fundera

JULY 19, 2021

Anyone at the helm of a nonprofit knows that fundraising is a crucial part of success. It’s also something that can be incredibly challenging. In fact, research suggests that 23% of nonprofits lack a coherent fundraising plan. [1]. As the fundraising process evolves, crowdfunding sites for nonprofits are emerging as a viable way to bring in much-needed financial resources.

Nonprofit Organizations 40

Nonprofit Organizations Credit and Collections Dashboards Transactions 40

GoCardless

JULY 7, 2021

First customers have already reduced outstanding payments by 25x

Small Businesses 52

Small Businesses 52

GoCardless

JULY 1, 2021

A step-by-step guide on how to integrate with the GoCardless API.

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